Monday, October 10, 2011

Dividend Machine for October 10, 2011 Proctor & Gamble, symbol PG

Logo for Procter & Gamble. Source of the logo.Image via Wikipedia

Dividend Machine for October 10, 2011 Proctor & Gamble, symbol PG


                Defensive times require investing in defensive stocks.  We have already added Kimberly Clark and General Mills so you could expect Proctor & Gamble, symbol PG not to be far behind in our dividend machine list.   Everybody knows about this company.  But do you know they have paid uninterrupted dividends since 1890?   Think of all the trouble the world has been through during that time frame and you can understand why conservative, income investors have made PG part of their portfolios.

At the close on Friday October 7, 2011 PG’s stock price was $63.91.   PG earns $3.93 per share and pays out $2.10 per share.    This payout is a dividend yield of 3.30%.   Every year for at least 5 years, the company has increased the dividend and increased it substantially.   They are a solid company with a debt to equity ratio of only .47.

You can expect a quarterly dividend of $.525 in November.  Consider PG as one of the companies for the income-producing portion of your investment portfolio. 

Very Truly Yours,
TheMoneyMadam
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